ManufacturingINVESTApproved
Ola Electric received ₹95.81 crore incentive under the PLI-Auto scheme for FY27
Bengaluru, Karnataka· company base29 Aug 2026
Ola Electric secured a ₹95.81 Cr incentive from the Ministry of Heavy Industries under the Production Linked Incentive (PLI) scheme for advanced automotive technology products. The article says the incentive pertains to FY27 and is the third consecutive year the company has received a PLI-Auto incentive.
Why it matters
PLI incentives provide non-dilutive funding tied to sales/manufacturing outcomes, supporting domestic EV-related manufacturing activity and investment.
Ola ElectricMinistry of Heavy Industries